FHA intends to reactivate a rule protecting buyers and insurers from abuses by flippers

SOURCE: Mortgage News Feed

Can you still do a short-term house flip using federally insured, low-down-payment mortgage money? That’s an important question for buyers, sellers, investors and realty agents who have taken part in a nationwide wave of renovations and quick resales using Federal Housing Administration-backed loans during the past four years. The answer is yes: You can still flip and finance short term. But get your rehabs done soon.

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